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Odd lot

• A trading order for less than 100 shares of stock. Compare round lot.

• Less than a round lot (100 shares).

• An amount of a Security that is less than the normal unit of trading for that security. Generally, an odd lot is fewer than 100 shares of stock or five bonds.

 
 Embedded terms in definition
 Order
Round lot
Security
Shares
Stock
Trading
Unit
 
 Related Terms
 Lot
Odd lot dealer
Odd lot theory
Round lot

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